THE RENT PROBLEM.
AND THE EFFECT OF WAR. Yesterday a statement appeared that a petition was being signed by Queen Street tenants asking landlords for a reduction of rents because of the falling off in business due to the war. This morning inquiry was made amongst prominent land agents respecting the position of the property . market general ly. A prominent member of the Association remarked that the effects of the war were fortunately being felt far less in Auckland than in probably any other, city in , New Zealand. Business was really progressing on sound lines everywhere,- and the rent problem was not as acute here as elsewhere. Landlords showed a disposition to meet tenants where it was obvious that business was not so good as before the war, but the greatest trouble arose from the fact that some people were trying to take advantage of the war. All sorts of excuses were offered by people well able to j meet their obligations, and the moraItoruni was a refuge which many sought without justification, some actually beliving that it freed them of responsibility to pay interest as well as principal. •: .
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Auckland Star, Volume XLVI, Issue 62, 13 March 1915, Page 9
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189THE RENT PROBLEM. Auckland Star, Volume XLVI, Issue 62, 13 March 1915, Page 9
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